Shanghai Cooperation Organization and prospects for the development of broad Eurasian partnership were discussed at the panel session of SPIEF 2017
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Shanghai Cooperation Organization and prospects for the development of broad Eurasian partnership were discussed at the panel session of SPIEF 2017

         
Shanghai Cooperation Organization and prospects for the development of broad Eurasian partnership were discussed at the panel session of SPIEF 2017

At the upcoming summit of the SCO heads of state in Astana the main event will be the admission of India and Pakistan to full members of the organization. With these words the Vice-president of the CCI of Russia Vladimir Padalko began the session “The SCO and prospects for the development of broad Eurasian partnership” at SPIEF-2017.

"The SCO will transform from a regional forum into a full-blown transcontinental organisation representing nearly 43–44% of the global population.  The aggregate PPP-based GDP of the Extended Shanghai Eight will total USD 33–35 trillion," said Rashid Alimov, Secretary General, Shanghai Cooperation Organisation."We are witnessing the creation of a single space in Eurasia. Its further development based on the national strategies of the SCO member states, the integration processes within the EAEU, promotion of China's One Belt, One Road Initiative, and enhancement of cooperation between the SCO and the ASEAN will all contribute to the the greater cohesiveness of the ongoing economic processes," he added.

Deputy Minister of Economic Development Alexei Gruzdev gave an overall assessment of economic interaction in the SCO space.

Veronika Nikishina, Member of the Board, Minister in Charge of Trade, Eurasian Economic Commission, shared her thoughts on the relationship between Eurasian integration and economic integration within the framework of the SCO.

Special Representative of the President of the Russian Federation for Shanghai Cooperation Organisation Affairs, Bakhtiyor Khakimov, presented the Russian initiative for the creation of the Great Eurasian Partnership and the ways of its implementation in the context of the SCO.

Director of the Institute for Comparative Economic Research of the Shanghai Institute of International Studies, Xin Li, spoke about the concept of "One Belt, One Way" and how the role of the SCO countries in its implementation is seen.

Director of the Center for Integration Studies of the Eurasian Development Bank (EDB), Evgeny Vinokurov gave an expert assessment of the development of integration processes in the SCO space, and noted the role of international financial institutions.

Then the Minister of Information and Communication Technologies of the Islamic Republic of Iran Mahmoud Vaazi and the Minister for Commerce of the People’s Republic of Bangladesh Tofail Ahmed spoke. They presented their vision of close cooperation of their countries with the SCO.

Other aspects and directions of development of economic cooperation of the SCO countries were discussed at the session.

After the panel session Vladimir Padalko met with the governmental delegation of Gabon, participating in the work of the economic forum, as well as with the representatives of the ASEAN Business Club on the fields of SPIEF-2017.

In addition, Vladimir Padalko held two more meetings: with the Minister of People's Power for Foreign Trade and International Investments of Venezuela Jesús Herman Faria Tortosa and with the President of the Greek-Russian Chamber of Commerce Dimitris Bacolas.

By CCI of Russia news reports